Disney reports quarterly earnings, and everything else you missed in business news today: CNBC After Hours

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. On today's show, CNBC Make It's Jade Sciponi takes a look at the advertising dollars shifting to social media platform TikTok.

Disney reported mixed results for its Q2 2020 earnings after the bell on Tuesday. The stock jumped around on the news of the report but was down more than 2% after hours following the earnings call. The coronavirus pandemic has disrupted Disney's theme parks and cruise businesses but boosted engagement on its newly-launched streaming service, Disney+.

Pfizer said Tuesday it has begun testing an experimental vaccine to combat the coronavirus in the United States.

The U.S.-based pharmaceutical giant, which is working alongside German drugmaker BioNTech, said the first human participants in the United States have been dosed with the potential vaccine, BNT162. They began human trials of the experimental vaccine late last month in Germany.

Airbnb to lay off nearly 1,900 people, 25% of company

Airbnb plans to lay off nearly 1,900 employees, or about 25% of the company, a person familiar with the plans confirmed to CNBC.

"We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill," Chesky told employees in a note. "Airbnb's business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019."